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These days, finding an affordable place to live in the 48420 area can be challenging. Home prices in 48420 are now at a median cost of $136,209, lower than the Michigan average of $196,062.
The average cost of rent is $774/mo in 48420, primarily driven by the current value of real estate in the 48420 area. While nearly 37.55% of residents own their homes outright in 48420, 19.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in 48420 is $5,422 per month. Households that rent pay about 14.27% of their income on rent here. 48420's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 48458, MI: less expensive homes
- 48437, MI: less expensive homes
- 48415, MI: higher priced homes
- 48505, MI: less expensive homes
- 48457, MI: equally priced homes
- 48504, MI: less expensive homes
- 48433, MI: higher priced homes
- 48506, MI: less expensive homes
- 48463, MI: higher priced homes
- 48746, MI: equally priced homes
Zip Codes with Similar Populations
- 08550, NJ: higher priced homes
- 98383, WA: higher priced homes
- 12304, NY: equally priced homes
- 97060, OR: higher priced homes
- 95620, CA: higher priced homes
- 27518, NC: higher priced homes
- 33566, FL: higher priced homes
- 06002, CT: higher priced homes
- 55317, MN: higher priced homes
- 56007, MN: equally priced homes
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